IS CLEARING THE HOME LOAN A BETTER OPTION OR SHOULD I GO WITH THE REGULAR EMIS FOR THE ENTIRE TENURE ?

I already have the home loan with ICICI upon the floating seductiveness rate. I’am seeking for an additional loan.Should we transparent this loan initial to relief an additional loan or should we go on profitable the EMIs for the complete tenure(This is the outrageous volume we will be profitable by the end).
“Clearing the home loan” is what we meant of removing absolved of the loan by creation the pre-payment.

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One Response to “IS CLEARING THE HOME LOAN A BETTER OPTION OR SHOULD I GO WITH THE REGULAR EMIS FOR THE ENTIRE TENURE ?”

xplorshinji February 3rd, 2010 at 06:58

I am not sure what you refered to when you said “clearing the home. ”

On the EMIs, I hope you are referring to PMI. If you owe 80% or less, you can demand the mortgage company to move the PMI with an acceptable appraisal report to that bank showing that the value truly is higher.

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